The Existence of Equilibrium Paths in an AK-model with Endogenous Time Preferences and Borrowing Constraints

Kirill Borissov

No 2013/01, EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics

Abstract: An AK-model with borrowing constraints and endogenous time preferences is considered. It is assumed that the discount factor of a household is a continuous function of its relative income. We propose a definition of an equilibrium path and prove its existence.

Keywords: AK-model; endogenous time preferences (search for similar items in EconPapers)
JEL-codes: D90 O41 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-01-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://eusp.org/sites/default/files/archive/ec_dep/wp/Ec-01_13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eus:wpaper:ec2013_01

Access Statistics for this paper

More papers in EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Mikhail Pakhnin ().